Operations
Coming Up:
CFPB Medical Debt Rule Could See Delay, Reconsideration
President Trump orders agencies to potentially reopen comments on new rules
Spiking Escrows Shock Unsuspecting Borrowers
One-third of typical mortgage payment now made up of taxes and insurance
Road To 2030 In Mortgage: ‘Velocity Of Decision-Making Is Moving Fast’
Borrowers could be qualified ‘in minutes,’ and large staffs made redundant by AI, mortgage exec says
Flagstar Fined $3.5M For Misleading Statements After 2021 Cyberattack
The SEC issued a hefty penalty and cease-and-desist order, barring future misleading statements
Traditional Mortgages Won’t Exist By 2035
Build a boat or learn to swim — a wave of 3rd-generation housing technology is crashing over the industry
Mortgage Banker
Is Havoc For Home Insurance, Mortgage Rates Ahead?
Table stakes are rising for mortgage lenders ahead of 2025, as policy pivots loom and sales forecasts are adjusted
New Calendar, Or Dictionary, Needed For AnnieMac
Half-a-dozen class-action law firms have launched investigations into AnnieMac's "proactive" handling of a late-August data breach.
Consumer Watchdog Invites State Regulators To Dance
As regulatory roll-backs loom over financial sectors, the CFPB says consumers' financial data rights are states' to forfeit
Despite Losses, Rocket's Origination Volume Jumps 28% In Q3
Rocket generated $29.8 billion in net rate lock volume during Q3, a 43% increase over last year
Insurance Crisis Hits Lenders' Bottom Lines
While monthly principal, interest, and property tax obligations are up an average 15-17% since the beginning of 2020, the average monthly property insurance payment is up a staggering 52% over that same period.